Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


February-March Nursing And Allied Health Information Sessions At CSCC

The Nursing and Allied Health Programs at Chattanooga State offer monthly information sessions for students interested in health care careers. Most sessions last one hour and are not mandatory, but strongly recommended. The following programs require mandatory attendance: Radiologic Technology, EMS, Health Information Management and Dental Assisting.  Program directors will ... (click for more)

Early Peoples Cultural Revelation Masks Painted At Northgate Library

Children representing home schools Allen Elementary, Hixson Elementary, Chattanooga State, and East Hamilton County enjoyed making Native American cultural masks on Saturday with local artist Larry Bullington of The Masters Studio at Northgate Library. Early Peoples Cultural Revelation with Masks project will serve 300 children who have researched various early peoples around ... (click for more)

6,533 Apply For Chattanooga Housing Authority Voucher Program

The Chattanooga Housing Authority closed its Housing Choice Voucher Program application process Monday at 11:59 p.m.  A total of 6,533 people applied. CHA will randomly select 1,000 of those names on Monday, Feb. 2, for the voucher program waiting list.  Anyone who is not selected will need to apply again in the future.  The Housing Choice Voucher program is ... (click for more)

Bradley Commissioners Concerned About Firefighters Leaving For Better-Paying Jobs

The Bradley County Commission agreed during a Monday evening work session that they will have to look into the issue of many county firefighters leaving for better paying jobs elsewhere. The discussion comes after the city's recently announced plan to possibly create their own separate ambulance service.   In surrounding areas, firefighters can make as much as ... (click for more)

We Need The Chattanooga History Center

Having been on several of Dr. Daryl Black's walking tours, I can say that they weren't just informative, but a treat. The downtown, Fort Wood and Ninth Street of yesteryear were brought dramatically to life. We stood on the ground where Sherman had his headquarters (near the Ice Cream Show) and the corner where Bessie Smith sang as a young girl. And we also stood beneath the ... (click for more)

Roy Exum: The Big (Un)Easy: Mardi Gras

Not since Hurricane Katrina has New Orleans had a bigger problem. When over a million visitors flood the city for the annual Mardi Gras bash over the next three weeks, there will be signs all around town and into the French Quarter that blare, “CAUTION: Walk In Large Groups. We (heart symbol) love NOPD. We Just Need More Of Them.” In other words, it appears things are quite unsettled ... (click for more)